Nearly two-thirds of advisors who sell annuities believe that guaranteed income options will increase in importance over the next five years, according to a new report by Cogent Research and the Insured Retirement Institute.

With three weeks left for seniors to change their Medicare prescription plan for 2012, a study released Wednesday finds that copays for brand-name drugs are going up sharply in some cases.

Congressional Democrats and Republicans rallied on a rare patch of common ground Wednesday, moving toward passage of legislation helping unemployed veterans and government contractors.

We may slowly be sabotaging ourselves with a low contribution rate, but I cant discredit the fact that the employer also plays an important role in retirement security. Maybe I'm too optimistic, but I believe a small push in the right direction can be motivational. I have to ask the...

More companies are offering workers a form of high-deductible insurance called a consumer-directed health plan as they struggle with rising costs and prepare for coverage expansions under the health care overhaul, according to a survey from the benefits consultant Mercer.

Some might think it would be cost-prohibitive for employers to offer financial wellness programs to employees, but data by Financial Finesse Inc. shows that these programs can only help employers bottom lines.

Michigan is among just a handful of states raising taxes on low-income working families while cutting taxes for other groups, the Center for Budget and Policy Priorities said in a report released Tuesday.

Even though an automatic salary deferral rate of 3 percent into an employees 401(k) is not enough to get them where they need to be in retirement, most companies are not poised to raise their initial default rate above that figure.